Kenneth Stillwell - Nov 6, 2024 Form 4 Insider Report for PEGASYSTEMS INC (PEGA)

Role
COO, CFO
Signature
/s/ Ewelina Kemp, Attorney-in-Fact for Kenneth Stillwell
Stock symbol
PEGA
Transactions as of
Nov 6, 2024
Transactions value $
-$668,995
Form type
4
Date filed
11/8/2024, 05:10 PM
Previous filing
Oct 29, 2024
Next filing
Dec 3, 2024

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction PEGA Common stock Options Exercise $439K +13K +74.48% $33.90 30.4K Nov 6, 2024 Direct
transaction PEGA Common stock Tax liability -$703K -8.22K -27.06% $85.52 22.1K Nov 6, 2024 Direct F1
transaction PEGA Common stock Sale -$406K -4.74K -21.42% $85.52 17.4K Nov 6, 2024 Direct F2, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction PEGA Stock Options Options Exercise $0 -13K -11.11% $0.00 104K Nov 6, 2024 Common stock 13K $33.90 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents the exercise price of the stock options referenced in Table II and Mr. Stillwell's tax liability, which were paid by way of the Company withholding shares of equal value.
F2 Represents the weighted average of sale prices, ranging from $85.45 to $85.67. The individual has provided the Company, and undertakes to provide to the staff of the Security and Exchange Commission or any security holder of the Company, upon request, full information regarding the number of shares sold at each separate price.
F3 Does not include shares of common stock subject to unvested restricted stock units and/or options awards.
F4 Options will vest in equal quarterly installments over a four year period. The first vest occurred on February 2, 2023.